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British Steel Support Fund helps local business

British Steel Support Fund helps local business strengthen its European position

11 May 2018

Council Leader, Cllr Rob Waltham, has welcomed the creation of five new jobs after expansion at a North Lincolnshire business.

New Holland Extraction Ltd – a specialist in the production of niche market seed oils by cold pressing and solvent extraction – has invested over £1 million at its site in New Holland after a £75,000 grant from the British Steel Support Fund.

A 2000 sq.mt extension to their existing warehouse will house new machinery and enable the effective control and segregation of products as required by Good Manufacturing Practice (GMP) for the manufacture of pharmaceutical products.

GMP regulations require manufacturers producing materials which are intended for pharmaceutical use to meet strictly defined minimum standards in their production processes to ensure that the goods they produce are fully traceable, appropriate for their intended use and of a consistently high quality. This includes the strict segregation of incoming and outgoing products, and the ability to quarantine rejected or returned goods. The addition of the new warehouse will allow New Holland Extraction to meet these significantly more demanding conditions of manufacture.

The five jobs created through the venture are required to support the companies ambition to supply oils of pharmaceutical standards.  Existing staff are also being retrained and will be placed in more skilled positions in which they will be operating to GMP standards.

The facility produces around 1000 metric tonnes of specialty oil products every year. These oils are supplied to over 31 countries across the globe through their Dutch parent company DeWit Specialty Oils BV - world-wide specialists in the production of specialty oils who are based in Texel in the Netherlands. 

Grant Forbes, General Manager said: “We are continually striving to increase our customer base and pride ourselves on having close relationships with all of our customers.”

"We work with people from a range of diverse industries including specialists supplying the food and
cosmetics sectors, ingredient manufacturers, producers of specially formulated animal feeds and companies working on R&D developing businesses in sustainable industries.

“This investment will allow us to register a number of niche markets oils for pharmaceutical applications and continue our exploration into new markets which is something that we continually endeavor to pursue. Whilst we already have a unique position in Europe, this will be strengthened.

“This investment will build upon the success of our expansion in 2014 which was supported by a £200,000 grant from the Regional Growth Fund, an expansion which created eight new roles. Our new warehouse facility has been supported by a £75,000 grant from the British Steel Support fund administered by North Lincolnshire Council. This funding has helped progress our project and will help us fulfil our ambition to become a supplier of pharmaceutical products considerably earlier than we originally believed possible.”

Council leader Rob Waltham said: “It’s always good news for North Lincolnshire when existing businesses show further commitment and confidence in the area.

“The British Steel Support Fund has so far granted over £2 million to local businesses to support their development and create jobs.

“Earlier this year, Harrison Spinks – a luxury bed maker – received £150,000 from the British Steel Support Fund as part of their £1.8 million investment into a new wire drawing facility on the British Steel site, which led to nine jobs being created initially with a further 13 to follow.                

“Together with local businesses we’re spreading the word that North Lincolnshire and the wider region has a lot to shout about. More businesses are now recoginising that the area offers a significant competitive advantage from the outset – our fantastic location, first class workforce, and competitive land and property prices present North Lincolnshire as an ideal place for potential investors.”
 
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First Published:11 May 2018